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Senate Committee on Labor and Technology advances temporary tech-infrastructure tax credit (SB338) with amendments
Summary
The committee voted to pass SB338 with amendments to temporarily reinstate a technology infrastructure tax credit, expand the definition to include data servers and require a DOTAX report to the Legislature; DOTAX will provide fiscal-impact information later.
The Senate Committee on Labor and Technology voted to pass Senate Bill 338 with amendments on Friday, Feb. 7, advancing a temporary reinstatement of a technology infrastructure renovation tax credit.
The measure, which would temporarily reinstate the former Act 221 technology infrastructure renovation tax credit and expand the definition of "technology-enabled infrastructure" to include data servers, was recommended as Senate Draft 1 with technical amendments and a defective effective date. The committee also…
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